Intapp, Inc. (NASDAQ:INTA) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Intapp, Inc. (NASDAQ:INTA) have been given a consensus recommendation of “Moderate Buy” by the eleven analysts that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $53.55.

A number of research firms recently weighed in on INTA. Stifel Nicolaus raised their target price on shares of Intapp from $45.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. UBS Group raised their target price on shares of Intapp from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Citigroup raised their target price on shares of Intapp from $52.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Bank of America decreased their target price on shares of Intapp from $52.00 to $48.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Intapp from $52.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th.

Insider Transactions at Intapp

In other news, insider Thad Jampol sold 31,666 shares of the firm’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $49.09, for a total transaction of $1,554,483.94. Following the completion of the sale, the insider now owns 772,412 shares in the company, valued at approximately $37,917,705.08. This trade represents a 3.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ralph Baxter sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $57.10, for a total transaction of $2,855,000.00. Following the sale, the director now owns 5,624 shares of the company’s stock, valued at approximately $321,130.40. This represents a 89.89 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 237,017 shares of company stock worth $12,156,222. 13.02% of the stock is owned by insiders.

Institutional Trading of Intapp

Several hedge funds and other institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company raised its stake in Intapp by 1.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 24,815 shares of the company’s stock worth $1,187,000 after purchasing an additional 264 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in Intapp by 7.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 5,539 shares of the company’s stock worth $265,000 after purchasing an additional 373 shares in the last quarter. Advisors Asset Management Inc. raised its stake in Intapp by 59.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,397 shares of the company’s stock worth $67,000 after purchasing an additional 519 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Intapp by 1,054.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock worth $28,000 after purchasing an additional 527 shares in the last quarter. Finally, J.Safra Asset Management Corp raised its stake in Intapp by 634.0% in the 2nd quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock worth $26,000 after purchasing an additional 615 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Intapp Stock Up 1.9 %

Shares of INTA stock opened at $60.26 on Monday. The firm has a fifty day moving average of $51.33 and a 200-day moving average of $42.36. Intapp has a 12-month low of $30.36 and a 12-month high of $60.88. The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of -207.79 and a beta of 0.64.

Intapp (NASDAQ:INTA) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.08. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. The company had revenue of $118.81 million during the quarter, compared to the consensus estimate of $117.88 million. During the same quarter in the prior year, the firm earned ($0.20) earnings per share. The firm’s revenue was up 17.0% compared to the same quarter last year. On average, equities analysts expect that Intapp will post -0.14 EPS for the current year.

Intapp Company Profile

Intapp, Inc, through its subsidiary, Integration Appliance, Inc, provides industry-specific cloud-based software solutions for the professional and financial services industry in the United States, the United Kingdom, and internationally. Its solutions include DealCloud, a deal and relationship management solution that manages financial services firms' market relationships, prospective clients and investments, current engagements and deal processes, and operations and compliance activities; collaboration and content solutions, including Intapp documents, an engagement-centric document management system, and Intapp workspaces; risk and compliance management solutions, such as Intapp conflicts, Intapp intake, Intapp terms, Intapp walls, and Intapp employee compliance; and operational and financial management solutions comprising Intapp Billstream, a cloud-based automated proforma invoice solution, Intapp time, and Intapp terms.